ACC files loan forgery case against Nafiz Sarafat, 4 others

The Anti Corruption Commission (ACC) has filed a case against former Padma Bank Chairman Chowdhury Nafiz Sarafat and four others for their alleged involvement in embezzling bank loan money with fraudulent activities.

ACC Assistant Deputy Director of Dhaka district integrated office Mohammad Rakib Uddin Minhaj filed the case on Sunday. ACC Director General Md Akhter Hossain revealed it. The other accused are Senior Executive Vice President of Padma Bank Sabbir Mohammad Sayem, Abdul Monem Ltd's Managing Director ASM Moinuddin Monem and Director Farhana Monem.

So far it is known from the case statement that in 2022, a time loan of worth Tk. 5 crore was endorsed for six month duration in the name of Abdul Monem Ltd from the Gulshan branch of Padma bank. Later on the accused were violated the terms and conditions of the sanctioned loan, the case statement added.

However, they spent the loan money to settle other loan liabilities, whereas they were supposed to use it as the business capital. On the other hand they tried to embezzle money through forgery and abuse of power.